According to an institutional "ETH Bullish Case" report released on Thursday, Ethereum's leading technologists and commentators said that ETH was "grossly mispriced." If compared to other commodities such as oil, the long-term price of ETH can be maintained at $740,000. "It's a new asset class. Digital assets are new. Blockchain is also new," Vivek Raman, co-founder of Ethereal, a newly formed Ethereum think tank, said in an interview, "We have to adopt this framework and apply old valuation metrics to entirely new assets." To simply treat the underlying blockchain assets as tech stocks is to undervalue them. Raman said that comparing ETH to "global reserve assets such as oil, bond markets, and the M2 money supply" could provide a better model for understanding Ethereum's "ultimate goal," which "will be as big as the internet, if not larger, once it is widely adopted." More and more investors see Bitcoin as "digital gold," and the co-authors of this article believe that ETH is akin to "digital oil."